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US Dollar Expected to Hold Steady Ahead of November Midterm Elections Amid Iran Conflict Risk

Forex Commodities

2026-07-20 20:59:34

US-3.94%

According to Jayati Bharadwaj, head of foreign exchange strategy at TD Securities, the US dollar is likely to remain near current levels ahead of November midterms, given risks of a full-scale conflict between the US and Iran after the elections. Bharadwaj stated that a complete escalation of tensions before the midterms is unlikely. If escalation does occur, it would drive oil prices significantly higher, which she noted would be unfavorable for a sitting president during an election year.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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